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CPPP Applauds Bipartisan Effort to Reform Payday and Auto Title Lending

  

Author:
Don Baylor /(512) 320-0222 x 108

April 21, 2011

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Over the past several years, unregulated and high-cost, short-term lending has taken a toll on Texas consumers and communities. Without state oversight, Texas consumers do not have basic protections against abusive lending practices or a way to escape the cycle of debt which traps Texans with unlimited fees. The 82nd Legislature has a unique opportunity to address these problems by enacting House Bill (HB) 2592, 2593, and 2594.